This is awesome! Adobe has released an online version of Photoshop built in Flex:
Check it out>
You can post your photos directly to Facebook, Picassa and Photobucket, but not Flickr(yet). Although Picnik has more features, it is significant since it's a major developer of a standalone software product launching into the online app world -- and proving once again that Flash can do the job.
And at the same time they one-up Microsoft's Silverlight...
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